IHTM46025 - Calculating the RNRB: terms used: the 'adjusted allowance'
»Ê¹ÚÌåÓýapp legislation refers to a person’s ‘adjusted allowanceâ€�. This is the reduced maximum possible RNRB when the value of the estate exceeds the taper threshold. »Ê¹ÚÌåÓýapp adjusted allowance is calculated by deducting the amount of tapering from the ‘default allowanceâ€� IHTM46023).